Petrus Resources Ltd. Plans Monthly Dividend of $0.01 (TSE:PRQ)

Petrus Resources Ltd. (TSE:PRQ) announced a monthly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Friday, August 16th will be paid a dividend of 0.01 per share on Friday, August 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 8.96%. The ex-dividend date is Friday, August 16th.

Petrus Resources Stock Performance

TSE:PRQ traded down C$0.05 during trading hours on Friday, reaching C$1.34. The company had a trading volume of 17,600 shares, compared to its average volume of 56,039. The company has a debt-to-equity ratio of 19.32, a current ratio of 0.34 and a quick ratio of 0.48. Petrus Resources has a 1-year low of C$1.11 and a 1-year high of C$1.68. The business’s 50 day moving average price is C$1.35 and its 200-day moving average price is C$1.34. The firm has a market cap of C$166.44 million, a PE ratio of 6.09 and a beta of 3.18.

Petrus Resources (TSE:PRQ) last posted its earnings results on Wednesday, May 8th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.07). Petrus Resources had a net margin of 29.10% and a return on equity of 9.51%. The firm had revenue of C$28.04 million during the quarter. Research analysts forecast that Petrus Resources will post 0.2056632 EPS for the current year.

Insiders Place Their Bets

In related news, Director Don Gray purchased 41,200 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were purchased at an average cost of C$1.32 per share, with a total value of C$54,384.00. In other Petrus Resources news, Director Kenneth Graham Gray sold 18,600 shares of Petrus Resources stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of C$1.40, for a total transaction of C$26,040.00. Also, Director Don Gray bought 41,200 shares of Petrus Resources stock in a transaction dated Thursday, June 20th. The stock was acquired at an average price of C$1.32 per share, with a total value of C$54,384.00. Over the last ninety days, insiders purchased 71,100 shares of company stock worth $94,392 and sold 54,068 shares worth $74,612. 75.28% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Stifel Canada cut Petrus Resources from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. Stifel Nicolaus cut Petrus Resources from a “buy” rating to a “hold” rating and cut their price objective for the company from C$1.75 to C$1.50 in a research report on Tuesday, April 23rd.

Petrus Resources Company Profile

Petrus Resources Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and exploitation of assets in Canada. The company primarily explores for crude oil and condensate, natural gas, and natural gas liquids. Its principal property is the Ferrier Area with approximately 94,614 acres of land located in the west Central Alberta near the town of Rocky Mountain House, Alberta.